FAC Explorer

Audit 296030

FY End
2023-09-30
Total Expended
$4.07M
Findings
0
Programs
3
Organization: St. Peter's Italian Church Housing Development Fund Co., Inc. (NY)
Year: 2023 Accepted: 2024-03-20
Auditor: Bonadio & CO LLP

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $3.18M Yes 0
14.195 Section 8 Housing Assistance Payments Program $846,160 - 0
14.191 Multifamily Housing Service Coordinators $39,294 - 0

Contacts

Name Title Type
VYB3LJQF6B56 Kyle Lyskawa Auditee
3154241821 Bettina Lipphardt Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Basis of Presentation This schedule of expenditures of federal awards includes the federal grant activity of St. Peter’s Italian Church Housing Development Fund Co., Inc. Mortgagor (Villa Scalabrini), HUD Project No. 014-11175, and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Insured Mortgage Villa Scalabrini obtained from HUD a guarantee of its mortgage payable. The outstanding balance of this mortgage at September 30, 2023 was $3,092,854. Indirect Costs Villa Scalabrini has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Indirect Costs Villa Scalabrini has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.